Budget Report/Justification for Elite Property Management Headquarters
The Elite Property Management (EPM) has its headquarters along the Mass Avenue at the Penthouse premises. This is an extensive building that houses the headquarters and the entire staff that deals not only in the operations of the organization from this point but also has offices for the satellite branches that the organization has to make coordination of work easier. Adjacent to the headquarters are also three stores that the firm rents to help in central storage of property of the organization.
The total cost of renting these premises was pegged at $1,395,000 with the majority share going to the main building that holds the offices, $495,000. The two massive stores were allocated $450,000 respectively.
The space that cost the $495,000 for the year will help give 150 employees working spaces and the extra space that would be used for conference halls and refreshment areas. This wholesome accommodation will enable the organization to avoid rampant hiring of conference halls to train the staff and hold large scale meeting with potential clients. The space will also ensure that employees are catered for sufficiently within the premises...
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